Tag: Geely

China’s Xiaomi delivers 20,000 EVs in October, just months after launching its first car

Chinese smartphone company Xiaomi on Tuesday announced a sports car version of its SU7 electric sedan would begin preorders for the equivalent of more than $110,000. Luna Lin | Afp | Getty Images BEIJING — China’s Xiaomi said Tuesday that it had delivered more than 20,000 SU7 EVs in October as it ramps up production… Continue reading China’s Xiaomi delivers 20,000 EVs in October, just months after launching its first car

Stoneridge Reports Third Quarter 2024 Results

MirrorEye Becomes Standard Equipment on Several European Truck Platforms MirrorEye OEM Programs to Launch with Daimler Truck North America and a European Brand Year-to-Date Cash Performance Improved $31.3 million vs. Same Period in 2023 2024 Third Quarter Results Sales of $213.8 million Gross profit of $44.5 million Adjusted gross profit of $44.6 million (20.9% of… Continue reading Stoneridge Reports Third Quarter 2024 Results

German Manager Magazine: Northvolt: Battery manufacturer stops payments to joint venture “Novo Energy” with Volvo003691

Money is running out: the battery manufacturer Northvolt has stopped payments to joint venture partner Volvo. The board decided to finance its own battery operations in Sweden, Germany and Canada Northvolt announced on Wednesday that priority should be given. Meanwhile, Volvo Cars announced that it would acquire Northvolt’s JV shares in Novo Energy. Northvolt did… Continue reading German Manager Magazine: Northvolt: Battery manufacturer stops payments to joint venture “Novo Energy” with Volvo003691

German Manager Magazine: BYD overtakes Tesla in sales003691

Supported by government purchase bonuses in the People’s Republic is growing BYD continues rapidly. The Chinese electric car maker announced quarterly sales on Wednesday that for the first time exceeded those of Tesla exceeded. However, the US group still leads the global sales figures for electric cars because BYD also offers hybrid models. BYD increased… Continue reading German Manager Magazine: BYD overtakes Tesla in sales003691

TIME Selects InductEV’s Wireless EV Charging Solution as a 2024 Best Invention in the Sustainability Category

PA-based Company Recognized by TIME Editors for its Technology That is “Revolutionizing the World” From Thousands of Entries Globally KING OF PRUSSIA, Pa., Oct. 30, 2024 /PRNewswire/ — InductEV, the pioneer in inductive wireless vehicle charging, today announced that its technology solution has been named as a TIME Best Invention for 2024. A network of… Continue reading TIME Selects InductEV’s Wireless EV Charging Solution as a 2024 Best Invention in the Sustainability Category

Volvo moves to buy out Northvolt from Gothenburg battery project

Standard Digital $39 per month Get essential digital access to quality FT journalism on any device. Pay a year upfront and save 20% What’s included Global news & analysis Expert opinion FT App on Android & iOS FT Edit app FirstFT: the day’s biggest stories 20+ curated newsletters Follow topics & set alerts with myFT… Continue reading Volvo moves to buy out Northvolt from Gothenburg battery project

What happens as EU concludes investigation of Chinese-made EVs?

The tariff imposition follows a vote on the Commission’s proposal for definitive tariffs by the EU’s 27 members on Oct. 4 – with 10 in favour, five against and 12 abstentions. The European Union formally approved imposing tariffs on Chinese-made electric vehicles (EVs) on Tuesday after an investigation that has divided the bloc and prompted… Continue reading What happens as EU concludes investigation of Chinese-made EVs?

Beijing files WTO complaint over EU’s new taxes on Chinese EVs

“We welcome competition, including in the electric vehicle sector, but it must be underpinned by fairness and a level playing field,” he said. Beijing said Wednesday it had lodged a complaint with the World Trade Organization over the European Union’s decision to impose hefty tariffs on Chinese-made electric cars. The extra taxes of up to… Continue reading Beijing files WTO complaint over EU’s new taxes on Chinese EVs

Daimler Truck and Volvo Group to jointly develop SDV platform

Daimler Truck and Volvo Group will jointly develop a common software-defined vehicle (SDV) platform, and a dedicated truck operating system, through a new joint venture spawned as part of a new binding agreement. Through it, the OEMs are looking to provide the foundation for future software-defined commercial vehicles. The transaction for the joint venture is… Continue reading Daimler Truck and Volvo Group to jointly develop SDV platform